2 Zombie Stocks Coming Back from the Dead

2 Zombie Stocks Coming Back from the Dead

Buying beaten-down stocks may take more gumption than the average investing method, but when you hit you can hit big.

Priceline Group (NASDAQ: PCLN) languished for several years after the dot-com bubble burst, but thanks to a smart acquisition strategy the stock eventually surged and has now returned nearly 30,000% since hitting its all-time low in October 2002.  

Netflix (NASDAQ: NFLX) stock plunged after the so-called Qwikster debacle in 2011, when the company attempted to separate its DVD-by-mail and streaming services. Investors doubted its ability to recover, but its streaming service has since become dominant, and the stock is up almost 2,000% over the last five years.

Continue reading

Source: Fool.com